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67 articles

March 2023

Bitcoin buoyed as bank busts spook investors

Top blockchain and crypto news: Banking woes boost Bitcoin. Arbitrum counts down to launch. Chinese billionaire faces US crypto scam charges.

Another Crazy Week For Bitcoin

Bitcoin and other cryptocurrencies bounce back after a turbulent week for banks in the US and Switzerland.

Circle’s Disparte speaks on de-risking crypto from banking risks

The recent U.S. banks fallout is a stress test for both traditional finance and digital assets but to weather the storm side by side is a powerful opportunity, says Circle Chief Strategy Officer Dante Disparte.

Silvergate teeters as regulators circle and crypto firms cut ties

Top blockchain and crypto news: Silvergate woes spark bankruptcy talk. LDO dips on false enforcement rumors. Chinese leaders push digital development.

FastForkast headlines

Voyager gains court approval to sell assets to Binance U.S. in US$1.3 bln deal

FTX’s Alameda sues Grayscale over crypto trusts

March 2023

FastForkast headlines

FTX’s Alameda sues Grayscale over crypto trusts

FTX Japan resumes withdrawals through Liquid Japan web platform

Crypto hedge fund Galois Capital to close after losing US$40 mln in FTX

Judge says Bankman-Fried could ‘conceivably’ have bail revoked: CNN

Sam Bankman-Fried banned from using VPNs while on bail: Bloomberg

Alameda wallets activate, transfer millions in FTT tokens 

DCG to sell Grayscale holdings at a discount to pay creditors: report

Bankrupt FTX held US$1.4B in cash at the end of 2022

February 2023

Bankrupt BlockFi asks court to approve bonuses to keep staff

BlockFi said it needed bonus payments to keep employees from fleeing the company. But creditors argue the plan is excessive when compared to other crypto bankruptcies.

Will Genesis meet its maker amid creditors closing in?

Top blockchain and crypto news: Genesis bankruptcy begins. FTX chief ponders a reboot. China’s CBDC gets a smart-contract upgrade.

Bankrupt FTX exchange has recovered US$5 bln worth of ‘liquid’ assets, lawyers say

The names of the crypto exchange’s 9 million customers and creditors will remain sealed from the public for at least three months.

FastForkast headlines

Bankrupt FTX held US$1.4B in cash at the end of 2022

Apple, New York Times, Hong Kong Government listed among FTX creditors

Bankrupt BlockFi’s financials show US$1.2 bln exposure to FTX, Alameda: report

Bankrupt crypto lender Genesis ‘optimistic’ about resolving creditor dispute: Reuters

Digital Currency Group’s crypto brokerage Genesis Global Capital files for bankruptcy

DCG’s crypto lender Genesis may file for bankruptcy, according to Bloomberg report

Singapore court extends crypto lender Vauld’s creditor protection to Feb. 28

Alameda liquidators get liquidated while consolidating funds on DeFi lending platform Aave

Binance U.S. gets court approval to buy Voyager Digital for US$20 mln

Sam Bankman-Fried pleads not guilty to fraud charges in FTX exchange collapse

January 2023

BlockFi asks U.S. bankruptcy court to unfreeze accounts for some of its users

BlockFi, an early victim of the financial contagion caused by the collapse of the FTX cryptocurrency exchange, said it wants to return assets locked up in its bankruptcy proceedings.

Bankrupt Voyager Digital says it accepted Binance bid for assets valued at US$1 billion

The deal will need approval in a court hearing on January 5 and also faces a vote by creditors under Voyager’s chapter 11 bankruptcy filing.

Hong Kong crypto exchange AAX has lost most staff, unlikely to reopen, says former executive

The exchange has gone silent since pausing withdrawals and liquidating all futures positions, with users fearing a repeat of the FTX collapse.

Sam Bankman-Fried points blame for FTX collapse to Alameda, says he was blindsided

Bankman-Fried beamed into New York from the Bahamas to give his version of what happened at FTX, mentioning his own failure of oversight and being “frankly surprised” by what was going on at his company’s sister brokerage.

FastForkast headlines

Sam Bankman-Fried pleads not guilty to fraud charges in FTX exchange collapse

FTX customers file lawsuit for priority repayment

Bankrupt miner Core Scientific may sell facilities under development: report

FTX seeks permission to sell Japan, Europe entities and LedgerX

Bankman-Fried claims new FTX CEO’s testimony is ‘false’

Sam Bankman-Fried says not aware of any improper use of funds in FTX downfall

Troubled Hong Kong crypto exchange AAX unlikely to reopen, says former executive

December 2022

Sam Bankman-Fried could face decades in jail if convicted of law violations in FTX collapse, lawyers say

The former CEO of the collapsed crypto exchange “needs to keep his mouth shut” and stop making public comments that could be used against him in future court cases, lawyers tell Forkast.

Question: How do financial rules work when rogue individuals run companies? Answer: Not very well.

Calls for tougher rules on cryptocurrency have been echoing ever louder through the offices of global financial regulators since the collapse of the FTX exchange. But the firm did not invent dodgy business practices, so what can regulators and the industry do?

At FTX’s first bankruptcy hearing, lawyer calls out ‘substantial amount’ of missing, stolen assets

In the first day of FTX’s bankruptcy hearing, FTX counsel says the organization was run as ‘personal fiefdom’ of Sam Bankman-Fried.

Why FTX Shows We Underestimate Our Risk

The FTX sage continues and brings in questions about where should we be keeping our crypto.

Enron veteran is FTX’s new head: Does he have what it takes to win back user’s funds?

The failure of cryptocurrency exchange FTX has been compared to the Lehman Brothers collapse in 2008, but it may have more similarity to the bankruptcy of energy trading giant Enron Corp. – an event FTX’s new chief executive officer knows all too well.

FTX bankruptcy and fallout; Tuesday updates and commentary

The following is a running compilation of views and comments on the FTX bankruptcy and implications for the industry.

FTX files for bankruptcy, Sam Bankman-Fried steps down as CEO, FTX US and 130 additional affiliates have filed for bankruptcy, its new CEO John J. Ray III says.

FastForkast headlines

Troubled Hong Kong crypto exchange AAX unlikely to reopen, says former executive

U.S. cryptocurrency lender BlockFi files for Chapter 11 bankruptcy, will lay off about 200 staff

US senators call for holding FTX executives accountable to fullest extent of the law

Disgraced FTX founder SBF to speak at New York Times Dealbook Summit despite controversy

Crypto mining firm Foundry to buy mining sites from embattled Compute North

FTX alleged hacker is moving funds to dodge authorities: analysts

FTX owes US$3.1 billion to top 50 unnamed creditors, court filing shows

Bankrupt crypto exchange FTX launches strategic review of assets

FTX requests Chapter 15 bankruptcy case moved to Delaware, hearing on Tuesday

Crypto exchange Bullish says it has no exposure to FTX

Bahamas regulator orders transfer of all FTX digital assets to government wallet

Binance to re-bid on bankrupt crypto lender Voyager: report

Sam Bankman-Fried regrets bankruptcy filing, blames “messy accounting”: Vox interview

Binance likely to back out of FTX deal: report

November 2022

Temperatures rise over alleged Celsius withdrawals ahead of bankruptcy

Top blockchain and crypto news: Celsius founder in hot water. European bank woes cast crypto shadow. Will BSN’s Chinese roots thwart its global ambitions?

FastForkast headlines

Binance likely to back out of FTX deal: report

November 2022

FastForkast headlines

Binance likely to back out of FTX deal: report

Alameda Research to repay US$200 mln crypto loan to Voyager Digital

Celsius seeks court approval to monetize stablecoin assets

Celsius CEO Alex Mashinsky floats restructuring as custody business amid bankruptcy proceedings

Regulator alleges Celsius resembled Ponzi scheme in new filing

Crypto lender Celsius to return US$50 mln to locked out users